Fundamental analysis · SEC EDGAR · TTM through 30/06/2026
MPLX · NYSE · Energy
Fundamental quality
75
out of 100
Mplx Lp fits the profile of a quality compounder: it pairs high return on capital (ROE 51.5%) with wide margins (net margin 36.1%) and a business that keeps growing (10.7% a year). On fundamental quality it scores 75 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its growth (revenue +10.7%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
MPLX is refiner Marathon Petroleum's logistics affiliate: pipelines, terminals and gas processing serving its parent and the Permian, structured as a generously distributing MLP. Marathon's energy toll road, trading separately.
EPS growth: 10.2% · Revenue growth: 10.7%
Net margin: 36.1% · ROE: 51.5% · ROIC: 17.1%
Net debt/EBITDA: 3.42x · FCF: 25.2%
Source: SEC EDGAR · TTM through 30/06/2026
The score combines growth, profitability and financial strength. Here its profitability weighs in its favor, while its growth drags it down the most.
Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 7,569 | -720 | 3,338 | 20,521 |
| 2021 | 10,027 | 3,077 | 4,382 | 18,896 |
| 2022 | 11,613 | 3,944 | 4,213 | 19,870 |
| 2023 | 11,281 | 3,928 | 4,460 | 19,658 |
| 2024 | 11,933 | 4,357 | 4,890 | 19,687 |
| 2025 | 12,998 | 4,952 | 4,101 | 23,869 |
Between 2020 and 2025, revenue went from $7,569M to $12,998M (+72%) and net income went from -$720M to $4,952M (+788%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):
Compared with the previous close (March 31, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
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Is Mplx Lp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Mplx Lp a good company to invest in?
In terms of business quality, Mplx Lp scores 75 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Mplx Lp a profitable company?
Very. Mplx Lp shows a net margin of 36.1% and an ROE of 51.5%, typical of a highly profitable business.
Does Mplx Lp have a lot of debt?
Yes, its leverage is high: net debt is 3.42 times its EBITDA.
Is Mplx Lp growing?
Its revenue has grown 10.7% annualized in recent years and its earnings per share 10.2%.
Does Mplx Lp generate cash?
Yes. It converts about 25.2% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Mplx Lp's filings on EDGAR
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